SEScoops reports that the state of Tennessee has issued a tax lien against TNA Entertainment LLC for unpaid taxes. The Davidson County Register of Deeds confirmed that the lien was filed on September 8. The listing in some databases has the debt at $0 because some public record search companies misread the fact that the Register of Deeds didn’t record the lien amount.
TNA owes so much in taxes to Tennessee that the state can seize TNA property if they don’t pay. TNA is currently operating under the newly-formed Impact Ventures LLC, but Tennessee tax law covers successor companies. If someone buys the company, then Dixie Carter may have to take a lower asking price to pay the lien. If not, the new owners could have the state go after them for the money.
It’s the state’s discretion whether or not it will start taking TNA’s assets. In order to do so, it would have to file a lien against Impact Ventures and whoever might decide to buy TNA. However, they can’t go after a successor company for more than the purchase price
According to Dave Meltzer on Wrestling Observer Radio, there is more possible bad news for TNA. This weekend is a pay week for TNA talent, and while TNA received funding before Bound For Glory for the uplink and production of the PPV and subsequent television tapings, there is concern over whether or not the company has the funds to pay talent through the end of the year. TNA has international TV money (UK & India) coming at the beginning of 2017, but they have to make it there.
Meltzer noted that not paying the talent would breach contract, and added that he knows of “a couple of guys” that are ready to walk and declare themselves free agents next week if they don’t get paid.
It’s a crazy time for TNA, Billy Corgan has filed a lawsuit against TNA Impact Wrestling, its parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Carter’s husband Serg Salias. They are also being sued by Audience of One Productions for $223,000 plus interests and post-judgment costs.
Last night, reports surfaced that Dixie Carter personally owes Billy Corgan money, and that music was pulled from Impact over possible licensing
Billy Corgan’s spokesperson Lissa Druss Christman issued the following statement to prowrestling.net. The statement is the first from Corgan’s camp regarding his lawsuit against TNA Impact Wrestling, its parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Carter’s husband Serg Salias.
“As president, Billy is looking out for the long-term interest of the company, its employees, its talent, as well as its stakeholders and contractors.”
TNA owes so much in taxes to Tennessee that the state can seize TNA property if they don’t pay. TNA is currently operating under the newly-formed Impact Ventures LLC, but Tennessee tax law covers successor companies. If someone buys the company, then Dixie Carter may have to take a lower asking price to pay the lien. If not, the new owners could have the state go after them for the money.
It’s the state’s discretion whether or not it will start taking TNA’s assets. In order to do so, it would have to file a lien against Impact Ventures and whoever might decide to buy TNA. However, they can’t go after a successor company for more than the purchase price
According to Dave Meltzer on Wrestling Observer Radio, there is more possible bad news for TNA. This weekend is a pay week for TNA talent, and while TNA received funding before Bound For Glory for the uplink and production of the PPV and subsequent television tapings, there is concern over whether or not the company has the funds to pay talent through the end of the year. TNA has international TV money (UK & India) coming at the beginning of 2017, but they have to make it there.
Meltzer noted that not paying the talent would breach contract, and added that he knows of “a couple of guys” that are ready to walk and declare themselves free agents next week if they don’t get paid.
It’s a crazy time for TNA, Billy Corgan has filed a lawsuit against TNA Impact Wrestling, its parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Carter’s husband Serg Salias. They are also being sued by Audience of One Productions for $223,000 plus interests and post-judgment costs.
Last night, reports surfaced that Dixie Carter personally owes Billy Corgan money, and that music was pulled from Impact over possible licensing
Billy Corgan’s spokesperson Lissa Druss Christman issued the following statement to prowrestling.net. The statement is the first from Corgan’s camp regarding his lawsuit against TNA Impact Wrestling, its parent company Impact Ventures LLC, TNA Chairman Dixie Carter, TNA Chief Financial Officer Dean Broadhead and Carter’s husband Serg Salias.
“As president, Billy is looking out for the long-term interest of the company, its employees, its talent, as well as its stakeholders and contractors.”
Opinionated View- Ok well with Dave as usual it could be clickbait the rest of this all we can do is sit back and just hope it works out.
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